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Stock Prices

SATS

EchoStar shares are trading lower following a downgrade by JP Morgan from Neutral to Underweight and a price target reduction by TD Cowen from $38 to $37.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:18 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) has seen a significant stock price increase, driven by strong second-quarter earnings and positive technical indicators. The company's revenue surged by 27%, with notable growth in U.S. commercial and government sectors. Analyst Dan Ives and Cathie Wood's Ark Invest have shown strong support for Palantir, further boosting investor confidence.

Portfolio Pulse from Surbhi Jain

August 12, 2024 | 4:18 pm

LUMN

Lumen Technologies shares are trading lower following volatility since last week's Q2 earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:18 pm

NFE

New Fortress Energy shares are trading higher, potentially rebounding after a decline last week due to worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:16 pm

HI

Hillenbrand shares are trading lower after DA Davidson downgraded the stock from Buy to Neutral and lowered its price target from $54 to $33.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:16 pm

GT

Goodyear Canada is set to invest C$575 million in expanding its Ontario plant, creating 200 new jobs. The expansion is supported by up to C$44.3 million in federal funding and C$20 million from the Ontario government.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:15 pm

MNMD

Mind Medicine (MindMed) (NASDAQ:MNMD) announced a public offering of 9.29 million shares at $7.00 per share, aiming to raise $75 million. The proceeds will support R&D, working capital, and general corporate purposes. The offering is expected to close on August 12, 2024. MindMed also issued a new patent for MM120, extending IP protection through 2041. Shares traded 2.32% lower at $6.75 during Monday's pre-market session.

Portfolio Pulse from Nina Zdinjak

August 12, 2024 | 4:15 pm

SPY

USO

VGK

The U.S. State Department has expressed deep concern over reports that Iran is planning to deliver hundreds of ballistic missiles to Russia. This move is seen as a dramatic escalation in geopolitical tensions.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:14 pm

BTCUSD

A Bernstein report suggests that a Donald Trump victory in the upcoming U.S. presidential election would be bullish for crypto assets, while a Kamala Harris win would be bearish. Polymarket, a crypto-based prediction market, shows Harris leading Trump by 6%. The crypto market, particularly Bitcoin, has shown weakness with Bitcoin unable to reclaim its previous highs. The Trump campaign's pro-crypto stance contrasts with the uncertainty surrounding Harris's approach to crypto regulation.

Portfolio Pulse from Murtuza Merchant

August 12, 2024 | 4:13 pm

IMO

Imperial Oil shares are trading higher after RBC Capital maintained a Sector Perform rating on the stock and raised its price target from C$105 to C$108.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:11 pm